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Nasdaq 100 tumbles below 19k as NVIDIA antitrust probe bites
Yesterday the Nasdaq 100 fell more than 700 points at one stage before later closing 615 points lower, at 18,958. The slide was all about an almost 10% fall in the price of NVIDIA (NVDA) after the US Department of Justice launched and antirust probe into the activities of the company. The heavy fall in NVDA sent shockwaves around the tech sector and that also spilled over into the wider market. Consequently, the S+P 500 was also sent tumbling lower, but more on that in another update. Overnight the Asian markets have followed the losses stateside and the Nikkei 225 has handed back more than 3%, but it is Taiwan, with its focus on semiconductors and chips that has been hit hardest of all. Right now the losses in the US futures have extended and that has seen the Nasdaq 100 priced to open below 18,800 at one stage and it is not much above there at the time of reporting
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